Chapter 3 Validity of contracts and agreements Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

What is void agreement?

A

An agreement which is not enforceable by law.
A void agreement is void ab initio ie from beginning.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is valid contract?

A

An agreement enforceable by law

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is voidable contract?

A

Page 14 study text atif abidi

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Age of minor

A

Page 14

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Essentials of contract

A

Page 14

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Rules for minor

A

Page 15

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Competent to contract

A

Page 14

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

sound mind

A

page 15

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

disqualified person

A

page 15

How well did you know this?
1
Not at all
2
3
4
5
Perfectly